Currys shuts down board’s ESG committee
Currys is shutting down its board’s environmental, social and governance (ESG) committee.
Announcing the move, the electricals and tech retailer said the committee had been instrumental in shaping its ESG strategy and overseeing its integration and delivery across the business.
Subscribe to TRBEstablished as a committee of the board in 2023, it comprised non-executive directors Eileen Burbidge, Magdalena Gerger and Octavia Morley.
Explaining its decision, Currys said: “The board has considered the progress made on the ESG strategy, and the upcoming reporting requirements for sustainability and has agreed that it is the right time to evolve the governance structure for ESG.”
It added: “An existing group sustainability leadership team comprised of functional leaders within executive teams will manage the day-to-day oversight and delivery of ESG goals and the management of ESG risks and opportunities. The other responsibilities that have been held by the ESG committee will now be shared between the board and the audit committee as appropriate.”
